Ontario invests $1.5M in Ventra Group
by CM Staff
The company is building a pilot line to produce advanced lithium-ion batteries for electric vehicles and will conduct basic product and manufacturing technology research and development.
WINDSOR — The Ontario government is supporting an $18.5 million investment by auto parts manufacturer Ventra Group to help strengthen local manufacturing and Ontario’s automotive and domestic manufacturing sectors, while trying to create jobs, attract investment to the local economy and support the province’s economic recovery. The province is investing $1.5 million through the Regional Development Program, which hopes to create 18 jobs.
“Our government is making targeted investments in local manufacturers to help them create good local jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We thank Ventra Group for contributing to our province’s vibrant, innovative, and growing automotive sector. Investments like this one will help further develop Ontario’s EV battery supply chain and play a pivotal role in Phase 2 of our Driving Prosperity auto plan. Ventra Group is also making a significant impact on the Windsor regional economy by investing in Ontario’s talented workforce and creating the conditions for long-term economic growth.”
Ventra Group, part of the Flex|N|Gate group of companies will invest $18.5 million to create the Flex-Ion Battery Innovation Centre. The company is building a pilot line to produce advanced lithium-ion batteries for electric vehicles and will conduct basic product and manufacturing technology research and development. Collaborating with world-class local academic researchers and Ontario businesses in the growing zero-emission mobility and energy storage sectors, Ventra Group will assess, develop and optimize materials and performance in the commercialization of prototype batteries and emerging storage technologies, helping to ensure durable competitiveness.
“The Flex-Ion Battery Innovation Centre marks a critical first milestone in our strategy to level up our next-generation battery design, material localization and manufacturing skills,” said Shahid Khan, Flex|N|Gate’s CEO, COO and President. “We are privileged and delighted that Ontario’s warm welcome and generous support has allowed us to create an Ontario-first ecosystem within the global markets for advanced traction batteries and battery manufacturing technologies.”
In November, the government released Phase 2 of Driving Prosperity ― The Future of Ontario’s Automotive Sector. The next phase of the 10-year plan hopes to help Ontario’s auto sector pivot to producing the automotive technologies of the future, including the next generation of electric vehicles and the electric batteries those vehicles need. Phase 2 positions Ontario as a North American leader in developing and building the vehicle of the future through emerging technologies and advanced manufacturing processes.